周三美股三大指数均小幅高开，纳指一度站上22000点，再创历史新高；道琼斯指数涨1.02%，标普 500指数涨0.54%。 ...

Group 1 - The US stock market indices collectively rose on August 28, with the Dow Jones and S&P 500 reaching new closing highs, driven by gains in large tech stocks and quantum computing concept stocks [1] - The offshore RMB exchange rate surged over 300 points, reaching 7.1173, marking the first time it has surpassed 7.12 since November 6, 2024, and creating a new high in nearly 10 months [1] - The offshore RMB traded at 7.1202 against the USD, up 337 points from the previous day, with trading occurring within the range of 7.1551 to 7.1183 [3] Group 2 - The recent appreciation of the RMB is attributed to a combination of internal and external factors, according to experts [4] - The RMB's strong performance is driven by three main factors, including the adjustment of the RMB's central parity rate, which has been increasingly strong since late June [4] - Analysts expect that if the central bank continues to implement market-based policies, the RMB exchange rate may return to the 6 range, enhancing the attractiveness of Chinese assets [4] Group 3 - The dual fluctuations of the RMB exchange rate have various impacts on different industries, with appreciation benefiting import-dependent sectors such as textiles, aviation, and home appliances [6] - Industries like shipping and agriculture may also see positive effects from RMB appreciation, as it can lead to increased demand for imports and enhance the price competitiveness of agricultural exports [6] - High-end exports and technology sectors are likely to benefit from the reduced costs of imported high-tech equipment due to RMB appreciation [6]

Core Viewpoint - The report from China Merchants Securities indicates that the U.S. non-farm payroll data for July significantly underperformed expectations, with a notable downward revision of previous values, suggesting a faster cooling of labor market demand compared to supply. The government sector shifted from a contributor to a detractor, while manufacturing and business services showed weakness [1]. Employment Data - In July, the U.S. non-farm payrolls added 73,000 jobs, falling short of the market expectation of 104,000. The previous month's data was drastically revised down from an initial 147,000 to just 14,000, with a total downward revision of 258,000 jobs over the past two months [1][2]. - The unemployment rate rose to 4.2%, up from 4.1% in the previous month [1][3]. Sector Performance - The government sector recorded a loss of 10,000 jobs, with federal government job losses expanding to 12,000. The manufacturing sector also saw a decline of 11,000 jobs, while business services lost 14,000 jobs [2][4]. - In contrast, the retail sector added 16,000 jobs, and healthcare and social assistance saw an increase of 73,000 jobs [2][4]. Labor Market Dynamics - The labor force participation rate decreased for three consecutive months, reaching 62.2%. The participation rate for the prime working age group (25-54 years) fell to 83.4% [3]. - The U3 unemployment rate increased to 4.2%, while the broader U6 unemployment rate rose to 7.9% [3]. Wage Growth and Economic Indicators - Hourly wage growth continued to slow, with a year-on-year increase of 3.7% and a month-on-month increase of 0.2% [4]. - Following the release of the non-farm data, the U.S. dollar index fell back to around 98.9, and the yield on the 2-year Treasury note dropped by 22.6 basis points to approximately 3.7% [4].

Group 1 - The three major U.S. stock indices closed mixed, with the Dow Jones Industrial Average rising by 0.4% [1] - The Nasdaq Composite fell by 0.39%, while the S&P 500 index increased by 0.06% [1] - Large-cap technology stocks exhibited mixed performance, with Tesla rising over 1% and Nvidia declining by more than 2% [1]

Market Performance - The three major U.S. stock indices closed lower, with the Dow Jones Industrial Average down by 0.6%, the Nasdaq down by 0.22%, and the S&P 500 down by 0.33% [1] Silver Stocks - Silver stocks experienced gains, with First Majestic Silver rising over 7% and Pan American Silver increasing by more than 3% [1]

Group 1 - The three major U.S. stock indices closed mixed, with the Dow Jones Industrial Average down 0.37%, the Nasdaq up 0.03%, and the S&P 500 down 0.07% [1] - Oil stocks saw gains, with Schlumberger rising over 4%, and both BP and Chevron increasing by more than 3% [1]